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1016 Tradewinds Road

1016 Tradewinds Road, Virginia Beach, VA 23464
Property in Virginia Beach
Sold Feb 16, 2022
$325,000
$319,113 by Cardinal Financial Company Lim
Mortgage Due Mar 01, 2052
Sold May 18, 2021
$228,000
$182,400 by Townebank
Mortgage
1016 Tradewinds Road has been categorized by the local assessors in Virginia Beach, VA as a residential type of property. The building on the property was first built in 1972 and is 52 years old. The home has a total of 7 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1016 Tradewinds Road has 1,869 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 9,203 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 355 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying a open porch. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The building has a gable style roof made of composition shingle. The exterior walls of the building are made of brick. While the interior walls have been made of plaster. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heat pump and being fueled with electricity. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1016 Tradewinds Road was last sold in Feb 14, 2022 for $325,000. According to our calculations, that's $173.89 per sqft. Prior to that sales transaction, the property was sold for $228,000 in May 13, 2021. Current property owners are expected to pay $3,181 in taxes per year. The property on 1016 Tradewinds Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $321,300. To break that down further, the land itself was valued at $105,000. While improvements to the property were assessed at a total of $216,300. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Brick Exterior

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Construction Type: Frame
  • Exterior Walls Type: Brick
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Wood
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 355
  • Parking Space Count: 1
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 9,203
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,869
  • Building Area: 1,869
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 1,869
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: LEVEL GREEN
  • Land Acres: 0.211
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LEVEL GREEN SITE 1 PT 3 LOT 5 BLK K

Ownership

  • Current Owner : RIDDICK JEANELLE B
  • Previous Owner : BLUEBIRD HOMES LLC
  • Owner Before Previous Owner: SECRETARY OF HOUSING & URBAN DEVELOPMENT
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Virginia Beach City Public Schools
  • Census Tract: 046220

Zoning

  • Zoning: 21

Geography

  • Assessors Map Reference: PM A112
  • Parcel: 14563183350000
  • Block: K
  • Lot: 5
  • Municipality: CENTERVILLE
  • Latitude: 36.8067
  • Longitude: -76.2082

    Address

  • Full Address: 1016 Tradewinds Rd
  • Address - House Number: 1016
  • Address - Street Name: Tradewinds
  • Address - Suffix Type: Rd
  • State: VA
  • City Name: Virginia Beach
  • Carrier Code: C086
  • 4-Digit Zip Code: 4442
  • Zip Code: 23464

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,181
  • Tax Rate Code Area: D07

    Appraisal Valuation

  • Standard Deviation: 0.0641
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 97
  • Final Value: 340,753
  • High Value: 362,622
  • Low Value: 318,884

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $319,113
  • First Open Lien Mortgage Lender: CARDINAL FINANCIAL COMPANY LIM
  • First Open Lien Mortgage Recording Date: Feb 16, 2022
  • First Open Lien Mortgage Loan Amount: $319,113
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2052

    Market Valuation

  • Market Total Value: $321,300
  • Market Land Value: $105,000
  • Market Improvement Value: $216,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $321,300
  • Assessed Land Value: $105,000
  • Assessed Improvements Value: $216,300

    Sales

  • Current Sale Contract Date: Feb 14, 2022
  • Current Sale Recording Date: Feb 16, 2022
  • Current Sale Transaction ID: 11879993132
  • Current Sale Price: $325,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 10224
  • Previous Sale Recording Date: May 18, 2021
  • Previous Sale Contract Date: May 13, 2021
  • Previous Sale Amount: $228,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: CARDINAL FINANCIAL COMPANY LIM
  • First Mortgage Transaction Date: Feb 16, 2022
  • First Mortgage Loan Amount: $319,113
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Mar 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: TOWNEBANK
  • Previous Mortgage Transaction Date: May 18, 2021
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $182,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Credit Line (Revolving)

About Virginia Beach



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Frequently Asked Questions

What neighborhood is 1016 Tradewinds Road located in?
The 1016 Tradewinds Road is a located in the neighborhood of Virginia Beach in Virginia Beach, Virginia Beach.
What is the average sales price for listings in 1016 Tradewinds Road?
The average sales price for units in 1016 Tradewinds Road is $0 currently.

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